BERA grants citizen firms six-month import licence window

Overhauled: BERA has allowed some majority citizen-owned fuel importers who had licences prior to April 1 to continue their activities under a six-month transitory period
Overhauled: BERA has allowed some majority citizen-owned fuel importers who had licences prior to April 1 to continue their activities under a six-month transitory period

The Botswana Energy Regulatory Authority (BERA) has given 14 majority citizen firms a six-month grace period to continue importing fuel while they apply for substantive licences, as the shake-up in the industry takes effect.

On Tuesday, BERA officially awarded Botswana Oil (BOL) the first substantive fuel import licence, as part of a legislative change under which the parastatal takes over 90 percent of the country’s fuel imports.

Effective April 1, BOL is responsible for importing 90% of the country’s 1.3 billion-litre per annum fuel demand and on-selling this to the existing multinational oil companies that are operating in the country and have previously imported for themselves. Citizen companies will have the right to import the outstanding 10%.


Editor's Comment
Let’s stand against the menace of ‘CAT’

Methcathinone’s addictive grip is tightening, and its consequences are devastating. Lives are being ruined, families torn apart, and futures dashed by its destructive power. The drug’s allure knows no bounds, with various methods of ingestion making it accessible to users of all preferences.Whether it’s snorted, smoked, injected, or taken orally, the outcome is the same: a path of ruin and despair. It is time for action. The government,...

Have a Story? Send Us a tip
arrow up